City of Monroe invests in Tech’s Enterprise Campus, economic development programs

Dec 7, 2010 | Research and Development

City of Monroe Mayor Jamie Mayo has presented Louisiana Tech University President Dan Reneau with a check for $20,000, on behalf of the Monroe City Council, to support Louisiana Tech’s research park, Enterprise Campus, and its economic development vision for north Louisiana.
The presentation was made during Louisiana Tech’s football season finale against Nevada on Saturday at Joe Aillet Stadium.

Monroe Mayor Jamie Mayo (middle) presents check to Tech President Dan Reneau

“We are grateful for the investment that Mayor Jamie Mayo and the Monroe City Council have made in Louisiana Tech’s Enterprise Campus and its innovative economic development initiatives,” said Reneau.  “These funds will help provide opportunities for our start-up businesses to grow and expand in north Louisiana, enabling us to build a brighter future for citizens across our region.”
The funds provided by the City of Monroe will allow Louisiana Tech to continue to assist start-up companies emerging from the university’s small business incubators and to provide support for student-owned businesses created through on-campus entrepreneurial programs such as the TOP DAWG Business Plan Competition.
Although many of these emerging businesses have their roots at Louisiana Tech, several have opted to relocate from Ruston and continue their growth in other north Louisiana communities such as Bossier City and Bastrop.
This funding will also create opportunities to partner with existing small businesses in the region, helping them grow by incorporating innovations developed at Louisiana Tech or assisting them with workforce support and development resources.
“The City Council and I are ‘Monroe Proud’ to be able to support the Louisiana Tech Foundation’s efforts to enhance opportunities for business growth and development,” said Mayo.  “Small businesses are the backbone of our communities. When they start here, they tend to stay here.”
“The Innovation Program at Tech is an outstanding program which helps small businesses to develop and grow — thus providing job and economic growth for our entire region.”
The Monroe City Council voted to make this contribution to Louisiana Tech’s Innovation Program, through a cooperative agreement with the Louisiana Tech University Foundation, in recognition of the university’s role as a significant driver of the regional economy.
The Innovation Program at Louisiana Tech is committed to helping develop small businesses in order for those businesses to locate in communities throughout northeast Louisiana which will provide jobs and economic growth.
“Emerging and existing small businesses are the cornerstone of a strong regional economy,” Reneau said.  “Together, the City of Monroe and Louisiana Tech will support up-and-coming companies and will work to attract others by providing access to the university’s people, innovations and facilities.”